>> From 1860 to 1890 the U. S. steel industry increased in size by 1000%%
>> each decade.

>> The steel wasn't being exported. �It was consumed in the U. S.

>> Trade had little to do with U. S. growth.

>> If the U. S. really is in a permanent recession as many believe, then
>> the Chinese will simply sell more stuff to themselves and, like the
>> American economy of the industrial revolution, the economy of China
>> will simply continue at nearly an 8%% growth rate.

>> In other words, the Chinese economy will pass the American economy in
>> size in a mere 18 years.

> Thats the prediction, but I strongly disagree and am in a small
> minority that believe China will hit a brick wall as most emerging
> economies don't go straight from poverty to prosperity. �And here is
> my reasoning - What is fueling Chinese growth? �It is cheap labor,
> nothing more nothing less. �